HouseOHPATRICKT000462Rep. Tiberi, Patrick J. [R-OH-12]R1664T000462810212TIBERIJ.Househswm00StandingWays and Means Committee2015-10-23T17:54:35ZReported by2015-09-17T19:52:46ZMarkup by2015-02-12T15:01:45ZReferred toTax Relief Extension Act of 201519462015-08-05Placed on Senate Legislative Calendar under General Orders. Calendar No. 198.114CRSRelated billSU00233Amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business. ]]>002015-02-12T05:00:00ZIntroduced in House2015-03-10T20:54:49ZIntroduced in House2015-02-12Permanent Active Financing Exception Act of 2015

(Sec. 2) This bill amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business.

]]>172015-10-23T12:48:04ZReported to House with amendment(s)2015-12-08T19:55:07ZReported to House with amendment(s)2015-10-23MAN0000152015-02-12Rep. Neal, Richard E. [D-MA-1]D1TrueRICHARDNEAL7967854N000015E.WIK0001882015-02-12Rep. Kind, Ron [D-WI-3]D3TrueRONKIND82161498K000188CTL0005572015-02-12Rep. Larson, John B. [D-CT-1]D1TrueJOHNLARSON78661583L000557B.NJP0000962015-02-12Rep. Pascrell, Bill, Jr. [D-NJ-9]D9TrueWILLIAMPASCRELLP00009680501510J.CAT0004602015-02-12Rep. Thompson, Mike [D-CA-5]D5TrueMIKETHOMPSON78061593T000460NYR0005852015-02-12Rep. Reed, Tom [R-NY-23]R23TrueTomReedR00058519828090ILR0005802015-02-12Rep. Roskam, Peter J. [R-IL-6]R6TruePeterRoskam79261848R000580J.INY0000642015-02-12Rep. Young, Todd C. [R-IN-9]R9TrueToddYoung2019Y0000647948C.LAB0012552015-02-12Rep. Boustany, Charles W., Jr. [R-LA-3]R3TrueCharlesBoustanyB00125579651787W.CAS0011562015-02-13Rep. Sanchez, Linda T. [D-CA-38]D38FalseLINDASANCHEZ1757S0011567844T.ILS0011792015-02-24Rep. Schock, Aaron [R-IL-18]R18FalseAaronSchockS00117919207938TXJ0001742015-07-15Rep. Johnson, Sam [R-TX-3]R3FalseSAMJOHNSON603J0001748159NES0011722015-07-16Rep. Smith, Adrian [R-NE-3]R3FalseAdrianSmithS00117280401860TXM0011582015-07-22Rep. Marchant, Kenny [R-TX-24]R24FalseKennyMarchant1806M0011588766SDN0001842015-07-28Rep. Noem, Kristi L. [R-SD-At Large]R0FalseKristiNoemN00018420608147L.MNP0005942015-07-31Rep. Paulsen, Erik [R-MN-3]R3FalseErikPaulsen1930P0005948003114https://www.cbo.gov/publication/50836H.R. 961, Permanent Active Financing Exception Act of 20152015-09-23T17:20:00Z1.0.02015-10-23Placed on the Union Calendar, Calendar No. 233.TaxationFinancial services and investmentsForeign and international bankingForeign and international corporationsIncome tax exclusionInsurance industry and regulationTaxation of foreign income[Congressional Record Volume 161, Number 24 (Thursday, February 12, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. TIBERI:H.R. 961.Congress has the power to enact this legislation pursuantto the following:This bill makes changes to existing law relating to Article1, Section 7 which provides that ``All bills for raisingRevenue shall originate in the House of Representatives.''[Page H1037]]]>HR2015-02-13T06:14:12ZTaxationPermanent Active Financing Exception Act of 2015H. Rept. 114-3078111111112015-10-232House floor actionsH12410Placed on the Union Calendar, Calendar No. 233.Calendars2015-10-232House floor actionsH12200Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-307.hswm00Ways and Means Committeehttps://www.congress.gov/congressional-report/114th-congress/house-report/307H. Rept. 114-307Committee2015-10-239Library of Congress5000Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-307.hswm00Ways and Means Committeehttps://www.congress.gov/congressional-report/114th-congress/house-report/307H. Rept. 114-307Committee2015-09-17hswm00Ways and Means Committee1House committee actionsOrdered to be Reported (Amended) by the Yeas and Nays: 22 - 11.Committee2015-09-17hswm00Ways and Means Committee1House committee actionsCommittee Consideration and Mark-up Session Held.Committee2015-02-122House floor actionsH11100Referred to the House Committee on Ways and Means.hswm00Ways and Means CommitteeIntroReferral2015-02-129Library of CongressIntro-HIntroduced in HouseIntroReferral2015-02-129Library of Congress1000Introduced in HouseIntroReferral2018-11-09T00:09:09Z2015-02-12Short Titles as Reported to HousePermanent Active Financing Exception Act of 2015Short Titles House of RepresentativesHouseHOfficial Title as IntroducedTo amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.Display TitlePermanent Active Financing Exception Act of 2015961text/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.Congressional Research Service, Library of CongressThis file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.